Thursday , August 18 2022

Wall Street is dropping, because the Federal pace will reduce the interest rates


"If you've changed the interest rate today, you can not afford it from 12 to 18 months," says Jack Ablin, chief investment officer of Cresset Wealth Advisors.


"The toughness of the global central bank is likely to become the biggest risk for investors in the next four quarters, so the Fed Chair welcomes the fact that they are actually made."

S & P 500 has increased by 44 points or by 1.7%. Eastern time. S & P 500 this week reached 3.6 percent, but by the end of September it had to rise 7 percent to reach a record level.

Dow Jones Industrial Average reached 4828 items, or 2 percent, to 25,236. Nasdaq composites increased by 159 points or by 2,3% to 7,242. The Russell 2000 smaller shareholding index was 29 points or 2% versus 1,522.

After the initial decline, the bond prices were high and yields were low. Return on 10-year treasury stock has dropped from 3.07 to 3.07 percent. On Tuesday evening, this figure was 3.05 percent. In the two-year notes yield has dropped from 2.81% to 2.79%.

Jerome Powell, Chairman of the United States Federal Reserve Fund.

Jerome Powell, Chairman of the United States Federal Reserve Fund.Credit:Bloomberg

The dollar was weakened, and it sent metals at a high price. The ICE dollar lost 0.6%.

Client management software developer Salesforce increased by 8.5 percent and its profit and revenue grew to $ 138.39 after it was much stronger than analysts. This helped to upgrade technology companies. Adobe's software maker Adobe increased by 6.4% to $ 247.15. Apple's share increased from 2.9 percent to $ 179.31, while Microsoft's share rose 2.7 percent.

Foreign tourists, especially Chinese-born Tiffany, have dropped 12 per cent to $ 92.31 after they did not spend much in their stores in the last quarter. This was a cause for bad sales for the company. China's economic growth has slowed down, as the government reduced bank lending last year. The US-China trading voice has also slowed down.

Signet Jewelers lost 3% for $ 51.21.

James Jackson and Smucker food producer have dropped by 7.5%. Smucker also presented his forecasts for the full year.

Investigators in Indonesia have discussed the crash of Indonesia's Boeing 737 MAX 8. Indonesian authorities have said they are trying to figure out why the plane crashed but threatens the safety of Lion Air. On October 28, when the pilots fought for control of the plane, they entered the Java Sea and killed 189 people.

MAX is the latest Boeing aircraft and questions about the crash of the aircraft will reduce Boeing's shares. The fund has risen by 4.4% and has risen to $ 332.15 in the US. On Wednesday, November 8, federal regulators were lower than 8 percent when issuing an Emergency Directive on how to process incorrect data from the sensor, which may be malfunctioning flight planners on board. US airlines pilots do not mention a new function in the MAC, which can dramatically reduce the nose when sensors point to an aircraft stoppage.

The dollar has dropped to 113.53 yen from 113.79 yen. The euro has risen to $ 1,1396 in US dollars.

American oil in New York fell by 2.5 percent to $ 50.29 per barrel. The world oil price of Brent crude oil has dropped by 2.4 percent to $ 58.76 per barrel.

Wholesale gasoline increased by 1.6% to 1.40 gallons. Heat oil has dropped by 2.5 percent and reached 1.84 gallons. Natural gas increased by 10.6 percent and amounted to 14.72 dollars per thousand cubic feet.

Gold rose by 0.8 percent to $ 223.60 per ounce. Silver rose by 1.7 percent to $ 14.33. Copper rose by 3.3 percent to $ 2.80 per pound.

FTSE 100 in the UK dropped by 0.2%, while the German DAX lost 0.1%. France's CAC 40 slightly changed.

Japan's Nikkei 225 has grown by 1%, while the South Korea's Cospius has risen to 0.4%. Hang Seng in Hong Kong was 1.3 percent.

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